Investors Bite

Stocks Extends Two-Day Gain by 0.46%

By InvestAdvocate Click here to download full report Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday extended the previous day’s gain, with the all-share index (ASI) climbing 0.46 percent to close at 25,418.08 points. “Today’s positive performance swung the Month-to-Date return into the green (0.35 percent), while it trimmed the […]

Total Nigeria Says 2016 Pretax Profit up 213.4%, Offers Investors N7.00 per Share Dividend

By InvestAdvocate Click here to download Total Nigeria Plc 2016 Financial Year End Report Lagos (INVESTADVOCATE)-Oil marketing major, Total Nigeria Plc on Thursday said its pretax profit for the period ended December 31, 2016 jumped 213.4 percent to N20.3 billion from N6.4 billion recorded a year earlier. Also, post-tax profit […]

Dangote Cement Plc Improved Earnings Outlook; Hold Rating Retained

March 16, 2017/Cordros Research Click to find full report We have raised DANGCEM’s 2017 EBITDA and PAT slightly higher to N329.9 billion (previously N323.8 billion) and N212.7 billion (previously N209.7 billion) respectively, following (1) significant decline in Nigerian energy cost in Q4-2016 which came earlier than expected, (2) additional price […]